VOC - Big Park AZ 86351 - September Market Report - 2017

By
Real Estate Agent with Coldwell Banker Residential Brokerage NRDS # 146013739

How's The Market Doing?

Homes For-Sale

VOC - Village of Oak Creek - Big Park - Pine Valley

Sedona Arizona 86351

September 2017 ~ REAL TIME Market Report & Analysis

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Big Park VOC September Market Report

Homes On Golf Course - Returned 6 Results - Sedona Arizona 86351 - (-3)


Learn More About Big Park - VOC -  Sedona AZ 86351

Courtesy of Sheri Sperry 

YOUR Solutions REALTOR®

Coldwell Banker Residential Brokerage

Big Park VOC April Market Report Sheri Sperry Coldwell Banker Sedona Realtor

 Check out the most current monthly reports in the Sedona Verde Valley at

SEDONAMARKETREPORTS.com

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Sedona Arizona 86351 Homes For-Sale

Report 9/18/17
Big Park (VOC) Market Report

  big park voc september market report

 
September '17 Big Park VOC MARKET HOME ANALYSIS – First of all, these are real time charts that tell us “How the market is doing”. See the definition of Market Action Index above. Altos Research uses a complex algorithm to provide the MAI.

VOC, Village of Oak Creek or Big Park also known as Sedona 86351 is the bedroom community of Sedona. It is located 20 minutes from the city center off highway 179. There are two zip codes in Sedona, 86336 and 86351. People choose this side of town because there is less traffic, good hiking trails, and a buyer can get more home for the same amount of money as Sedona 86336. It is also closer to the SR 179 for those who travel a lot.

These VOC Market Reports will highlight 86351

In this zip code, you will find a majority of single family homes nestled between some red rock formations. Bell Rock, Courthouse Butte, Castle Rock and the back side of Cathedral are the most notable of the formations. You will also find more than a couple of golf courses including an executive 9 hole course. Even though there is some shopping, entertainment, restaurants, and lodging. The majority of the zip code has more affordable housing than the zip code of 86336.

Always use the median price to track trends. The median means that half the homes are higher and half are lower. If the highest priced home is well over a million dollars this will drive the average price of homes up substantially. Average price is not a good indicator of how the market is doing.


Characteristics By Quartile

 

September '17 - VOC Sedona AZ 86351 Homes For-Sale

big park voc september market report


SEARCH FOR ALL HOMES FOR SALE IN VILLAGE OF OAK CREEK

 

Select Links Below To See Sedona Single Family Homes In Each Price Range 

 

There are 9 VOC homes for sale (currently) priced at $1 million and over - ( No Change)

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$575,000 to $999,999 returned 27 VOC homes for sale - (+7)

$400,000 to $574,999 returned 28 VOC homes for sale - (+3)

$399,000 and under returned 26 VOC homes for sale - (+1)

The listings above can change at any given time based on homes being added or subtracted from the Multiple Listing Service (MLS).

 

Supply and Demand - (VOC) Sedona 86351

How the Market is Doing 


Median Price 

The Median Price has decreased $549,000 to $519,000 in the last two months. This is the third month in a row there has been a decrease!  The bottom bracket is the only one with an increase from August. 

 

Interactive chart below will continue to show current market information

 

Large Chart

 

Inventory

Inventory is low, but the inventory is rising as the chart indicates. Listings are up by 11 from 4 weeks ago. 

 

 Interactive chart below will continue to show current market information

Large Chart

 

Days On Market (DoM)

The properties in VOC - Big Park and Pine Valley have been on the market for an average of 166 DoM. Overall there is around a 5.5 month supply of homes on market. The top bracket is up almost 10 months supply down about 1 month. However the bottom tier is only at a 11 week supply. This is definitely in the seller range. About 6.5 to 7.5 months supply of homes is the break for buyer vs. seller advantage.

 

Interactive chart below will continue to show current market information

 

Large Chart

Buyer or Seller Market? (MAI)

The Market Action Index - The MAI started to trend lower this month. Three of the four brackets are still in the seller zone.  However, the top bracket is not in the seller zone. There have been only 2 months where the top quartile moved into the seller zone.  There is such low inventory in the 86336 zip (Chapel area, Uptown and West Sedona that buyers are moving into the VOC area to purchase a home. There are buyers waiting for homes in West Sedona rather than moving to the Big Park market.  Even though the Big Park area is in a seller range, buyers may be able to negotiate with sellers because of the West Sedona demand. This has not changed from Spring.   

Interactive charts below will continue to show current market information

Large Chart

 

Bottom Line

Overall the real estate market for Village of Oak Creek continues to have very low inventory. However, there is a median pricing downward trend. 

 A buyer may be able to find some homes that the seller is willing to negotiate.  The reason some homes are stale is because the seller is not willing to drop the price of the home. Keep that in mind when negotiating. Also many sellers can't find a home to go to so they are not going to sell there home! 

As the market enters the Fall selling period, we could see an upward price push. 

Luxury Market

As of 9/21/17

One note: The Luxury Market has a price point of $855,000 for the top 10%. This figure is based on the last 6 month’s of sold listings for all of Sedona. The top 10% of active listings (which is different from sold listings) is at $959,000 for the Village (VOC/Big Park). – This just gives you an idea of how the active market compares to the sold market.

The Sedona Luxury Real Estate Professionals which Sheri Sperry is a past-president uses the definition above for defining a luxury listing. The Luxury Market is measured using 86336, and 86351 zip codes.


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To learn more about these market reports please visit SedonaMarketReports.com on my website or contact me with questions. Reports are generated weekly on Mondays *Please Note: As new listings hit the market and homes close or fall off, the number of Sedona homes for sale will fluctuate daily based on the Multiple Listing Service (MLS) detail. The local MLS for this area is Sedona Verde Valley Association of Realtors (SVVAR)

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ABOUT ME: “Many buyers and sellers are skeptical about salespeople. So am I! But, I am not a typical salesperson. I put myself in your shoes and help you make decisions based on how I would want to proceed if I were you. In other words, what steps would I take and what is right for you? How will this transaction be beneficial for you? How will it help you move forward with your goals? How can I make it as smooth and pleasant as possible? What is in your best interests as we move forward?

Let’s face it, you won’t really know that I am not a typical salesperson until you get to know me. I am confident you will feel at ease and comfortable knowing I can find solutions for you. If you don’t feel that way, please let me know. I want to be the best I can for you."

 

"I am YOUR Solutions REALTOR®” ~ Sheri Sperry


Disclaimer: Listing information deemed reliable but not guaranteed – SVVAR Broker

Sedona homes for sale

A paid subscription service is provided by SellSedona.com and Altos Research to determine “How the active market is doing”. This Market Report is for single family residential only. No other housing segment is being analyzed. Analysis of Market Research and trends are based on opinion, experience, past & current statistics and other information. It is deemed reliable but not guaranteed.

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Rainmaker
4,797,261
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Sheri.  Thanks for keeping us updated about the real estate market in VOC, Village of Oak Creek. Big Park and Pine Valley.

Sep 27, 2017 05:20 AM #1
Rainmaker
5,379,226
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families moving to the area will appreciate you local real estate market reports.

Sep 27, 2017 05:39 AM #2
Rainmaker
4,077,625
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri, excellent information for VOC, Village of Oak Creek or Big Park, and shows your expertise.  Buyers and Sellers would be wise to give you a call when they are ready for a move.

Sep 27, 2017 06:36 AM #3
Rainmaker
3,332,370
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Sheri -- your posts are a true education in the real estate of the areas you cover.   Lots of great detailed facts - intriguing visuals and a presentation that's clear, concise ---- as usual -- nicely packaged.  

Sep 27, 2017 08:41 AM #4
Rainmaker
1,521,597
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Sheri, you always do such an excellent job with your market reports. They're detailed but, still easy to understand. There's no doubt you're the expert to contact in Sedona AZ!

Sep 27, 2017 08:57 AM #5
Ambassador
2,776,858
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Sheri - Great market report, as always, filled with useful information and analysis. And your photos are gorgeous.

Sep 27, 2017 03:05 PM #6
Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Sep 28, 2017 04:54 AM #7
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Sheri Sperry - MCNE®

(928) 274-7355 ~ YOUR Solutions REALTOR®
Don't know Sedona AZ? Let me answer EVERY question! Call me!
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